The Statement Concerning Financial Ratios That Is Not True Is

question 8

Multiple Choice

The statement concerning financial ratios that is not true is:

• A) Ratios are easy to interpret but difficult to calculate.
• B) A ratio expresses the relationship between two figures appearing in the financial statements.
• C) Ratios adjust for scale of operations and allow comparisons between businesses of different sizes.
• D) None of the above.

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Definitions:

Bank Statement

A document provided by a bank detailing the transactions in a depositor's account over a specific period.

Service Charge

A fee collected for the benefit of providing a service, often added to bills in restaurants, banking, and hospitality.

Check Register

A record of checks written, deposits made, and balances in a checking account, used to track finances.

Bank Statement

A document provided by a bank which outlines all transactions in an account, including deposits, withdrawals, and fees, over a specified period.